why can't i simply understand the principles behind accounting?! i cannot imagine i actually went through SIX accounting modules!! (sec 3, sec 4, poly 1, poly 2, ntu 1, ntu 2...) but, i am not shy to say, i still don't know which side is debit and which is credit.
so...when money come in, we debit is it? but why everytime i deposit money into my bank they say it's a credit balance leh?...see, it doesn't make sense.
anyways not important already, i hope today's accounting paper would be the last one i have to see in my entire life!!
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1 comment:
i m sure u understand.
dun fake ignorance!
hahaha.
credit bank balance is in the eyes of the bank.
debit is in our position.
cash come in for bank-->
Dr Cash
Cr Bank
so bank got more cash. but at the same time, they owe u some money. so, that is a credit balance for them. then they will just say u have a credit balance.
I M SURE U NOE THIS.
dun be overly humble.
i m typing it so that u will not mislead your young readers that accounting is tough.
haha.
cutiepie roy
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